General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets

v3.23.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Sep. 30, 2021
Current assets:        
Cash $ 86,542 $ 746,940 $ 746,940 $ 2,266,639
Inventory 1,382,938 1,414,848 1,414,848 1,093,765
Prepaid expenses and other current assets 90,538 436,407 436,407 307,341
Assets, Current 1,560,018 2,598,195 2,598,195 3,667,745
Long-term assets:        
Property and equipment, net 728 2,044 2,044 5,240
Other assets 3,500 3,500 3,500 3,500
Total long-term assets 4,228 5,544 5,544 8,740
Total assets 1,564,246 2,603,739 2,603,739 3,676,485
Current liabilities:        
Accounts payable 2,471,162 1,328,000 1,328,000 408,083
Shareholder advances 50,000 0    
Shareholder and Third-Party Advances related to Bridge Financing 690,015 0    
Accrued expenses and other liabilities 200,522 318,505 318,505 319,464
Current portion of Series 1 convertible notes     550,000 0
Current portion of accrued interest 820,509 127,781 127,781 0
Current portion of derivative liability 0 748,275 748,275 1,000,000
Total current liabilities 9,579,274 3,320,494 3,320,494 1,727,547
Long-term liabilities:        
Senior secured convertible notes, net of discount and issuance costs       0
Accrued interest 0 204,575 204,575 167,137
Derivative liability 0 459,200 459,200 1,207,475
Total long-term liabilities 0 3,476,048 3,476,048 2,974,612
Total liabilities 9,579,274 6,796,542 6,796,542 4,702,159
Stockholders’ equity (deficit):        
Common stock, $0.001 par value, 800,000,000 shares authorized as of September 30, 2022 and 2021, 249,886,370 and 237,169,770 shares issued as of September 30, 2022 and 2021, and 249,936,370 and 236,719,770 outstanding as of September 30, 2022 and 2021 1,285 1,252 1,249 1,184
Additional paid-in capital 51,582,100 50,878,718 50,878,721 48,770,061
Accumulated deficit (59,598,413) (55,072,773) (55,072,773) (49,796,919)
Total stockholders’ deficit (8,015,028) (4,192,803) (4,192,803) (1,025,674)
Total liabilities and stockholders’ deficit 1,564,246 2,603,739 2,603,739 3,676,485
Insurance Premium Financing [Member]        
Current liabilities:        
Insurance premium financing 0 247,933 247,933 0
Convertible Notes Payable Series One [Member]        
Current liabilities:        
Current portion of Series 1 convertible notes 550,000 550,000    
Long-term liabilities:        
Series 1 convertible notes     0 550,000
Convertible Notes Payable Series Two [Member]        
Current liabilities:        
Current portion of Series 1 convertible notes 450,000      
Long-term liabilities:        
Series 1 convertible notes 0 450,000 450,000 $ 1,050,000
Unsecured Convertible Notes [Member]        
Current liabilities:        
Current portion of Series 1 convertible notes 1,401,618 0    
Long-term liabilities:        
Senior secured convertible notes, net of discount and issuance costs 0 699,781    
Senior Secured Convertible Notes [Member]        
Current liabilities:        
Current portion of Series 1 convertible notes 2,945,448 0    
Long-term liabilities:        
Senior secured convertible notes, net of discount and issuance costs $ 0 $ 1,662,492 $ 2,362,273